Great Lakes Advisors LLC Invests $8.79 Million in Knight-Swift Transportation Holdings Inc. $KNX

Great Lakes Advisors LLC bought a new position in shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 112,879 shares of the transportation company’s stock, valued at approximately $8,790,000. Great Lakes Advisors LLC owned about 0.07% of Knight-Swift Transportation as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Strs Ohio grew its position in shares of Knight-Swift Transportation by 24.7% in the 4th quarter. Strs Ohio now owns 448,471 shares of the transportation company’s stock valued at $23,446,000 after buying an additional 88,707 shares during the last quarter. UBS Group AG increased its position in shares of Knight-Swift Transportation by 44.3% during the fourth quarter. UBS Group AG now owns 2,430,896 shares of the transportation company’s stock worth $127,087,000 after purchasing an additional 745,787 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Knight-Swift Transportation during the fourth quarter worth about $6,551,000. Comerica Bank lifted its holdings in shares of Knight-Swift Transportation by 68.7% in the 4th quarter. Comerica Bank now owns 130,638 shares of the transportation company’s stock valued at $6,830,000 after purchasing an additional 53,183 shares during the last quarter. Finally, Pzena Investment Management LLC purchased a new stake in shares of Knight-Swift Transportation in the 4th quarter valued at about $66,151,000. 88.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Knight-Swift Transportation

In other Knight-Swift Transportation news, CEO Reid Dove sold 126,864 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $73.13, for a total value of $9,277,564.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Cary M. Flanagan sold 3,600 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of $70.82, for a total transaction of $254,952.00. Following the completion of the sale, the chief accounting officer owned 5,405 shares in the company, valued at $382,782.10. This represents a 39.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 224,954 shares of company stock valued at $16,183,454 in the last 90 days. 2.90% of the stock is currently owned by insiders.

Knight-Swift Transportation Trading Down 1.7%

Shares of KNX opened at $69.55 on Thursday. Knight-Swift Transportation Holdings Inc. has a twelve month low of $38.63 and a twelve month high of $82.86. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $11.32 billion, a P/E ratio of 267.49, a PEG ratio of 0.58 and a beta of 1.18. The firm’s 50-day moving average is $74.00 and its two-hundred day moving average is $66.81.

Knight-Swift Transportation (NYSE:KNX) last announced its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.51 by $0.12. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.05 billion. Knight-Swift Transportation had a return on equity of 3.51% and a net margin of 0.56%.During the same quarter in the previous year, the company earned $0.21 EPS. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Knight-Swift Transportation has set its Q3 2026 guidance at 0.710-0.770 EPS. On average, research analysts predict that Knight-Swift Transportation Holdings Inc. will post 2.49 earnings per share for the current fiscal year.

Knight-Swift Transportation Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 21st. Stockholders of record on Friday, September 4th will be given a $0.20 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. Knight-Swift Transportation’s dividend payout ratio (DPR) is currently 307.69%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KNX shares. Barclays boosted their price objective on Knight-Swift Transportation from $75.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Wells Fargo & Company raised their price objective on shares of Knight-Swift Transportation from $65.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday, June 5th. The Goldman Sachs Group raised their price target on Knight-Swift Transportation from $65.00 to $86.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Morgan Stanley upped their price objective on Knight-Swift Transportation from $70.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Finally, Wall Street Zen raised Knight-Swift Transportation from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Knight-Swift Transportation currently has an average rating of “Moderate Buy” and an average target price of $84.44.

Knight-Swift Transportation Company Profile

Knight-Swift Transportation Holdings Inc (NYSE: KNX) is one of North America’s largest asset-based truckload carriers, offering a wide range of transportation and logistics services. The company was formed in 2017 through the merger of Knight Transportation and Swift Transportation, each with decades of experience in long-haul dry van and refrigerated freight. Since the merger, Knight-Swift has pursued a growth strategy that includes fleet expansions, targeted acquisitions, and investments in technology to enhance service reliability and network efficiency.

The company’s core business activities include full truckload operations for dry van, temperature-controlled and flatbed shipments.